Rec Room Part II (with CEO Nick Fajt)

Last Acquired left the plucky Rec Room crew in our 2018 "Part I"
episode, they were a seed stage startup making a VR game that
users loved but grew slowly and barely monetized. Fast forward to
today, and they're now a multi-platform social "place" with
millions of active users, 500%+ YoY growth and hosting a robust
creator economy that's rivaled only by their oft-compared
metaverse cousin Roblox in dynamics and efficiency. And oh yeah,
they're now a $1B+ company after a new $100m fundraise from
existing investors Sequoia and Index, which they're announcing
today. We figured it was high time to revisit Nick & crew for
a Part II... 





Sponsors:


WorkOS: https://bit.ly/workos25

Sierra: https://bit.ly/acquiredsierra

Sentry: https://bit.ly/acquiredsentry

Anthropic: https://bit.ly/acquiredclaude25






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The Rec Room Playbook is available on our website at
https://www.acquired.fm/episodes/rec-room-part-ii-with-ceo-nick-fajt


Links:


Our "Part I" episode with Nick on Rec Room's seed round:
 https://www.acquired.fm/episodes/season-2-episode-2raising-a-seed-round-with-against-gravity-ceo-nick-fajt

Rec Room! https://recroom.com



Carve Outs:


Invent and Wander:
 https://www.amazon.com/Invent-Wander-Collected-Writings-Introduction-ebook/dp/B08BCCT6MW/

Resonant Arc on YouTube:
https://www.youtube.com/channel/UCFzWAEPDGiY34bGpwM_DWmA

How The Economic Machine Works by Ray Dalio:
https://www.youtube.com/watch?v=PHe0bXAIuk0